Stamford Privee Blog

Private banks court Asian family offices

22nd November, 2012 - Posted by admin - No Comments

Family offices may want to reduce their usage of private banks, but realistically they can’t do everything in-house. And in the past year or two private banks have been making a concerted push to attract assets from the FO sector by setting up dedicated FO divisions headed by veteran relationship managers. “Private banks are having » Read More

AsianInvestor Q&A with Mr. William Chan

22nd November, 2012 - Posted by admin - No Comments

William Chan is founder and chief executive of Singapore based multi-family office Stamford Privee, and a former UBS banker. Stamford went from being a single-family office to an MFO in 2004. Q: How did you set up Stamford Privee? A: I had the unenviable task of trying to professionalise the management of my family’s wealth. I went to the US and Europe to see » Read More

Billionaire Lim Unmasked as Pavilion REIT Outpaces Malaysia IPOs

22nd November, 2012 - Posted by admin - No Comments

Desmond Lim Siew Choon became a billionaire developing a high-end retail mall and an office tower in Kuala Lumpur, wooing Middle Eastern investors and listing the properties as a real estate investment trust. The 52-year-old chairman of Pavilion Real Estate Investment Trust, Malaysia’s second-biggest property trust by market value, is worth at least $1 billion, » Read More

Family offices step up pressure on private banks

22nd November, 2012 - Posted by admin - No Comments

Multi-family offices question the independence of private banks, but say they are losing the battle for mindshare because they don’t have the same sort of marketing budget. Multi-family offices are looking to pick up wealthy clients, with executives pointing to their own independence while questioning the approach of private banks to selling products and advising » Read More

Thresholds for PR applications from GIP scheme raised

20th April, 2012 - Posted by admin - No Comments

Stamford Privee CEO William Chan gives his perspective SINGAPORE: Potential foreign business owners will now find it harder to fast-track their permanent residency applications in Singapore. As the Economic Development Board (EDB) raises the threshold for foreign capital looking to stay here through its Global Investors Program (GIP), some say this might hurt Singapore’s image » Read More

Family offices should be preparing for FATCA

2nd December, 2011 - Posted by admin - No Comments

Family offices, particularly those in Asia, need to be active and contact their financial institutions about the new US Foreign Account Tax Compliance Act, according to a leading tax lawyer. Tom Humphreys, from law firm Morrison & Forester, said financial institutions in Europe were more likely to be aware of the new legislation, which is » Read More

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